Flixance Review: Forex Scam Exposed

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Flixance Review: Forex Scam Exposed

Flixance ( is an already blacklisted Forex platform every trader should be wary about. Flix Ance is claiming to be flixing the finance of traders; this is according to their homepage. The platform starts off by claiming to be regulated in Seychelles, which is false. Records show no such platform exists. And this is why we must expose the website. Read this genuine and honest FLIXANCE Review for more details.

Flixance Review

About Flixance

A look at their about us page; they claim to be today’s leading Forex trading platform. Scam artists will use any and all tricks in the book to steal from traders. By using over the moon claims and promises, they hope to entice unsuspecting investors. The platform has been in the industry for long, and has flipped their name. It used to be FlixGM a while back, and they recently flipped the name. And this is why we must expose the rot with this broker. Stay safe and use top rated brokers who have a solid trading reputation.

Their scam reputation precedes them as an alert has already been issued. These scam brokers are targeting mostly European investors looking for Crypto coins. And such platforms have been tarnishing the good online trading name. Without a valid license, the platform ceases to be an online trading entity. Complaints filled our help desk with members complaining of withdrawal issues. And this is why we will expose the traps set by these scam brokers. Avoid the platform and ensure you use industry recommended products and services.

Assets Involved

Flixance is offering trading assets such as Commodities, Cryptos, Forex, Indices, and Stocks. And this is a sign the platform is hiding some vital details to members. It is best to choose a broker who offers clear guidelines on the available assets. These scam artists have been hiding vital data to users. Without leverage and spread types, members sign up not knowing this is a trap against their investment.

Business Owner

Altridium Group Inc has been listed as the owner of this website. Scam brokers usually list random numbers as their registration details. The company is not on the Seychelles company register or any other quoted nation. These brokers believe no one will conduct a thorough search on their address. It is clear Flixance is not honest when it comes to their ownership. The platform is most likely an anonymous trading platform operated by offshore brokers.

Domain Details

According to the trusted domain register, the website was recently created. Information reveals the creation date was on 13th February 2020. The platform is barely three months old as of going to publication. And this is another reason why everyone should stay away. The platform is new and is fooling investors in regards to their experience.

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The platform also professes to offer educational materials to members. Sadly, this offer does not materialize as the platform has no educational materials. Members signed up hoping to get a piece of the pie but it did not happen. One would expect eBooks and Video tutorials to be part of the package. Sadly, this is not possible as newbies get to training in regards to the trading platform. Newbies should sign up with a broker who is willing to train them on how to safely trade.

License and Registration of Flixance

FSMA Flixance Warning

The regulator, Financial Service Authority has no broker licensed under this name. And this is where matters get dicey as a warning was issued by another regulator. The Financial Services and Markets Authority (FSMA) recently issued an alert. An alert is a clear indication something’s wrong with a broker.

Other European regulators plan to follow suit issuing a warning towards the broker. Some of the regulators in line to offer a trading warning include BaFIN, CSSF, CONSOB, and CySEC. These are industry regulators who protect the interests of investors and traders. Their compliance page does not have any indication that the website is licensed. There is no license or registration number posted on the entire website. This is proof Flixance IS NOT LICENSED OR REGULATED.

Limitations of Flixance

Accounts Offered

Flixance is offering members six account types. These accounts include Mini, Beginner, Standard, Silver, Gold, and Infinity. The starting capital for the Mini account is $250 which is in line with the industry acceptable minimum deposit. A huge problem with these accounts is lack of proper information regarding features. These accounts come with an interest which changes the broker to being a banker.

Flixance Account Types

Contact and Support

It should be noted that Flixance is not in the business of communicating with members. The only time they make contact is when enticing investors to deposit and sign up. A real broker will have effective communication channels such as live chat support. These scam brokers leave it to email which is ineffective. Scam brokers may decide not to respond to certain emails. And this is the case facing most members. Their withdrawal request has gone unnoticed by the broker. Soon, they will find their accounts blocked.

Deposit and Withdrawal

On landing on their account page, disclaimer at the footer shows depository channels. They include MasterCard, Qiwi Wallet, Visa, and Web Money. The problem with this statement is that their depository page shows a different method. The Bank address is situated in Lithuania which is different from their posted address. These scam brokers quote Lithuania and Seychelles as their base of operation. They are hiding the real truth regarding their whereabouts.


Five of the accounts come with a guaranteed interest margin of between one and thirteen percent. A broker does not issue interest; it changes the entity to a banking platform. Stay away from the guaranteed interest as this is not possible in any market. Any guarantees made are a plot to entice traders to sign up with their rogue platform.

Trading Platform

Flixance is using a web based platform which is far from being secure. A custom built terminal in most cases won’t pass the necessary safety tests. Members are complaining of the slow execution speed. The slow execution speed is as a result of the platform being unstable. Their trading terminal is not compatible with most devices. And this has led to more and more losses from the members.

Safety of funds with Flixance

Another disturbing issue with Flixance is safety of funds which is not guaranteed. The platform is not able to safeguard funds due to lack of security software. Lack of DDoS protection and SSL encryption software is proof funds can be stolen. Hackers take advantage of such vulnerability and steal valuable data. With this broker, segregation of accounts is out of the question. Stay away as members are losing funds instead of making profit.

Scam or legit Flixance

Flixance Trading Platform

After heavily scrutinizing the website, it is clear Flixance is a scam. Avoid signing up and protect your loved ones from joining their promotional programs. Mark any of their emails as spam and never click on their links. Authorities will soon act by completely shutting down the website.

Bottom line

Adding the platform to our scam blacklist will ensure no one else falls for this trap. Stay safe and use credible and dependable Cryptocurrency trading robots.

All investors should trade with reliable and safe products. Continue reading our reviews for more on online investment and trading.

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